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Intel Leads $100M Funding Raise For OpenStack Vendor Mirantis

On Monday, Intel announced its intent to lead a $100M capital raise for Mirantis, one of the few pure play commercial OpenStack vendors in the market today. Intel leads the investment alongside Goldman Sachs and existing investors August Capital, Insight Venture Partners, Ericsson, Sapphire Ventures and WestSummit Capital. The investment marks the second $100M capital raise on the part of Mirantis in the space of a year given that Insight Ventures led a $100M funding round with Mirantis less than a year ago. The October 2014 $100M capital raise led by Insight Ventures represented the largest funding raise in the history of open source computing and, as such, this year’s investment marks another notable milestone in the history of capital raises for open source-based technologies. Intel’s decision to lead the $100M capital raise builds upon its support of OpenStack as a Platinum member of the OpenStack consortium as of 2015. Today’s investment constitutes another emphatic affirmation of OpenStack that promises to transform the cloud computing landscape significantly by giving Mirantis the capital to innovate with respect to its commercial distribution of OpenStack. As one of the only remaining pure play OpenStack vendors in the marketplace, the investment bolsters the valuation of Mirantis and empowers it to consolidate its positioning as a distributor of an enterprise grade platform for building private, IaaS clouds that interoperate with other OpenStack-based cloud platforms.

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